<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
REGISTRANT'S CONSOLIDATED BALANCE SHEET AS OF SEPTEMBER 30, 2000 AND
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR THEN ENDED AND THE NOTES TO
CONSOLIDATED FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000771934
<NAME> Atlantic Gulf Communities Corporation
<MULTIPLIER> 1,000
<CURRENCY> USD
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> SEP-30-2000
<EXCHANGE-RATE> 1
<CASH> 2,542
<SECURITIES> 0
<RECEIVABLES> 7,264
<ALLOWANCES> 0
<INVENTORY> 125,657
<CURRENT-ASSETS> 0
<PP&E> 12,505
<DEPRECIATION> (1,739)
<TOTAL-ASSETS> 148,546
<CURRENT-LIABILITIES> 0
<BONDS> 130,725
81,145
0
<COMMON> 1,281
<OTHER-SE> (104,131)
<TOTAL-LIABILITY-AND-EQUITY> 148,546
<SALES> 29,583
<TOTAL-REVENUES> 35,541
<CGS> 26,556
<TOTAL-COSTS> 33,612
<OTHER-EXPENSES> 8,064
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 4,961
<INCOME-PRETAX> (10,118)
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (10,118)
<EPS-BASIC> (1.81)
<EPS-DILUTED> (1.81)
</TABLE>